” IMPLICIT WARNING”
ASEAN part Vietnam, a production powerhouse, was slapped with 46 per cent tariffs and Cambodia– a big producer of low-cost clothing for big American brands– was hit with a 49 per cent duty.
Malaysia, Southeast Asia’s third-largest business, was hit with a 24 per cent price.
The taxes have been paused for 90 days, but Trump has said no state is “off the hook”.
” Geographically, Xi is likely to shape China as a companion in security and development, not a hegemon”, Khoo said.
” At the same time, his concept carries an inherent notice, that is: don’t let Washington’s taxes or relationships undermine Asia’s individual local cohesion”, she said.
Oh Ei Sun from the Pacific Research Center of Malaysia think tank, said Xi’s browse is like” a group of friends huddling up for comfort against severe conditions”.
Xi said on his appearance on Tuesday that he hopes his explore may usher in another “50 beautiful times” in China-Malaysia relationships.
” I am convinced that with our mutual work, this will be a successful visit”, Xi said in a speech issued by the Chinese Embassy in Kuala Lumpur.
China and Malaysia celebrated their 50th celebration of diplomatic ties last year and enjoy strong business relationships, although Malaysia claims parts of the South China Sea over which Beijing has staked out near-blanket independence.
China has been Malaysia’s largest trading partner for 16 subsequent years, with complete trade between the two countries accounting for 16.8 per share of Malaysia’s international trade next year, according to the Indonesian foreign ministry.
Xi vowed in an opinion piece published in Malaysia’s The Star newspaper on Tuesday that China will work with Southeast Asian countries to fight protectionism and keep global supply chains stable.
” We must uphold the multilateral trading system, keep global industrial and supply chains stable, and maintain an international environment of openness and cooperation”, Xi said.
Xi will travel on Thursday to Cambodia, one of China’s staunchest allies in Southeast Asia and where Beijing has extended its influence in recent years.